To: eyeamok
If we go less than 8 percent, were going to make it up where?Arnold is going to start transfering an additional 5% of gross pay to the retirement funds. A person who makes $50,000 per year is going be paying an additional $2,500 to the pension fund, in addition to what they pay now. He is also going to cut pay 5%. So a state worker making $50,000 today is going to be making $45,000 from now on, with half that difference going into the pension fund.
5 posted on
03/03/2010 8:21:52 AM PST by
Freedom_Is_Not_Free
(Depression Countdown: 43... 42... 41...)
To: Freedom_Is_Not_Free
Not good enough, how about this instead:
No Public Servant or Public Employee shall be entitled to nor receive any Taxpayer Funded Retirement Benefit in excess of Social Security and Medicare Benefits paid.
7 posted on
03/03/2010 8:27:22 AM PST by
eyeamok
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